The odds of that are high because we are back to $116 on Brent , I do not know how people say that crude prices are going to come down. So Cairn has started a fresh move and that could move higher, 355-360. Reliance is finding consistent support from 860. So, now it is trying to move into the next level between 860 and about 950 odd.
Oil & gas could lead the next bit of up move: Ashwani Gujral - Economic Times
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So, there is hope that oil and gas could lead the next bit of up move but unless banking participates. I do not think the Nifty will make major moves on the upside. You will get those 15-20-30 point moves, probably tech should come back and participate, large cap tech because of global rallies. So tech and oil and gas may participate in the days to come. Managing money requires more skill than making it. That is why it is important to invest wisely by optimally balancing both risk and returns.Oil & gas could lead the next bit of up move: Ashwani Gujral - Economic Times
